People are tired of the word “recession” and the depression has only just begun. Experts are predicting that we have over 18 months of tough times ahead of us, which is pretty bleak no matter how you look at it. The real estate market has been hit particularly hard by the credit crunch, as people struggle to buy and sell properties amid rising inflation, monumental interest rates and basic consumer uncertainty. But according to some property insiders, the Western Cape, especially the West Cape Coast, remains a magnet for homeowners, drawing buyers with its peace and quiet as well as its natural beauty.

For decades, people from all over South Africa, indeed from all over the world, have made the Western Cape their de facto holiday destination. White-sand beaches, summer sun and a laid-back pace are the perfect cure-all for those rushing through the rat race. But now, more people are choosing to make small coastal towns and villages, such as Yzerfontein, Paternoster and Darling, their homes, commuting up to an hour and a half to return to the city for work.

The reason so many people are prepared to spend nearly three hours of their day on the road is peace of mind. Traditionally, houses in these semi-remote towns are much more affordable than properties in the big city, with sea views for R2 million ($182,150), compared to Cape Town’s southern suburbs, where a sea view sea ​​can cost more than R5 million ($455,375). ). However, as more people migrate to far-flung districts, it is reasonable to expect property prices to rise sharply.

Low crime rates, especially violent crimes such as murder, aggravated assault, and rape, are also a major draw point for city dwellers tired of living in fear. Education is also generally good, but more important than that is the safe and relatively hassle-free environment in which parents can raise their children. Drugs, which are unfortunately everywhere, are still not as prevalent or as easily accessible as in big cities. Gangs are few and far between, especially violent gangs, and parents can be reasonably sure their kids won’t have to listen to gunshots or sirens as they try to sleep at night.

The main reason why people, especially young families trying to start a life, are abandoning city life in favor of country life is quality of life. With less stress, less crime, and housing rates that don’t break the bank, it’s no wonder the West Coast is driving.

Reference:

property24.com/Property24/Hub/TopStories_Full.aspx?articleid=8585